Dec 7, 2012 8:00am PST
that because of hurricane sandy, job creation might have been a little slower last month, the unemployment rate might have stayed a little bit higher. it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new y
Dec 7, 2012 6:00am PST
is going to lose. ♪ bill: there is a new report that super storm sandy cost the economy $60 billion, for lost productivity and output. rick leventhal is live in staten island, new york where some industries have actually benefitted. what is the story there, rick? >> reporter: of koerbs, bil course, the businesses directly in the storm surge, retail and restaurants a lot of them have suffered dramatically. other businesses, contractors and home improvement have done very, very well. roofers, landscapers, electrical contractors. this couple run a electrical business and you guys have been crazy busy right? >> yes, since the storm we had hen emergency influx of emergency work. we are aeurbl to hire back some of the people we had laid off and we are looking to hire more people to handle the work that is coming in. >> reporter: you have more work than you can even do yourselves. >> wyatt this point. >> reporter: and you see what, no end in sight? >> we see this generating a very long term, at least a year, two years hopefully. >> reporter: it's great that they are actually able to employ
Dec 5, 2012 9:00am PST
to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that there's not workers out there. it's that companies, they're being too selective about who they hire, and they don't pay competitive wages, suzanne. >> wow. complicated picture there, but yol a lot of people still out of work. some companies can't fill positions. thank you. appreciate it. >>> they're smart, right? they're playful? very intelligent. why would someone want to kill dolphins? we are searching for a killer. e just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently.